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Oct 22, 2012 12:00pm PDT
of mexico or heavy oil from venezuela. there's lots of oil in these places, but they're not going to flow at the kind of prices that u.s. motorists want to fill up at. >> jeff, i think i agree with you that there's very little that the president can do about gas prices. it's simple supply and demand, so then isn't the only thing that an american president should say about gas prices is that he promises to release as much u.s. oil into the population as he possibly can as we can possibly sustain to keep demand low and supply high? >> well, as i say, the strategic reserve a finite amount and you can artificially depress oil prices temporarily. >> right. >> but you're going to have to rebuild that. let's hear what the market a telling us. brent today is $110 a barrel. that's telling us that oil is getting scarce and dear. the message should be to consume less, not to override it with artificial government policies like releasing strategic reserves or cutting gasoline taxes because really what we're doing is overriding the market's message and that's going to make it more difficult, not easie
Search Results 0 to 1 of about 2 (some duplicates have been removed)